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This summer, France went ahead and unilaterally launched a financial transaction tax. Sarkozy started it, with plans for a 0.1% levy on the country’s biggest stocks. Hollande doubled it to 0.2%. The reaction from business was predictable. ‘Bets grow on impending French stock market slide’ said one headline. The Spectator explained how “global investors will just […]

Today sees the introduction of France’s new financial transactions tax. Nicolas Sarkozy laid the groundwork for it and has been a champion of the idea, and new president Francois Hollande has accelerated the proposals through. There have been lots of talks about a Europe-wide FTT. Those talks have failed, usually with Britain putting its foot […]